Tax Expenditures in Madagascar: Assessment and Outlook – February 2026

The Tax Expenditures in Madagascar: Assessment and Outlook report analyses the scope, cost, and impact of tax incentives within Madagascar’s fiscal system. It reviews exemptions, deductions, credits, and preferential regimes aimed at attracting investment, supporting priority sectors, and providing social relief. While incentives have contributed to economic activity and foreign investment, the study highlights significant revenue losses that constrain domestic resource mobilisation.